Saab acquires Seaeye

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Saab has acquired underwater vehicle company Seaeye Holdings and its subsidiary Seaeye Marine for £13m, with the aim of strengthening its position in the underwater area.

Chris Tarmey, CEO of Seaeye, said: ‘Seaeye is a successful company that has doubled its activities in the offshore area during the past years, but with a great potential to develop even further within areas such as maritime security and defence, areas where Saab is strong. The acquisition also brings interesting possibilities for technical synergies between Saab's and Seaeye's different underwater vehicles.’

Seaeye, with approximately 50 employees and annual sales of approximately £12m, is located in Fareham, Hampshire. The company develops and manufactures a complete range of electric powered remotely operated vehicle (ROV) systems. The range extends from the portable Seaeye Falcon to the medium work class Panther Plus.

The operation started in 1987 and Seaeye is the leading supplier of electrical ROVs to the offshore oil and gas industry. Seaeye has recently further developed its products and now also delivers vehicles for security, salvage and coastal observation tasks.